Cherry Bekaert

MAY 3, 2024

Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. 1 But attracting and retaining talent is proving difficult for several accounting recruiters and accounting talent acquisition specialists. Many of these openings are expected to result from the need to replace talented employees who have either switched occupations or exited the labor force (e.g., retirement).

accounting and finance 105

accounting and finance Finance Account accounted 105

Accounting Today

MAY 3, 2024

The landscape of Corporate Transparency Act beneficial ownership information reporting continues to evolve, and accountants and others who advise their small business clients need to stay ahead of the curve.

accounted 137

accounted Account accountant tax accountant 137

CPA Practice

MAY 3, 2024

By Gail Cole. Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? Do all states have a tax holiday? What products are included in tax-free weekends?

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Sales Tax Nevada West Virginia 119

Accounting Today

MAY 3, 2024

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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Account accounted accountant 131

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

CPA Practice

MAY 3, 2024

By Gail Cole. Hawaii has some of the highest median home prices and rents in the country — and a persistent housing crisis. Could tax incentives geared toward turning Hawaii short-term rentals (STRs) into long-term housing increase housing stock and decrease rents for Hawaiians? Governor Josh Green thinks so. Governor Green has vowed to sign into law any bill that would transform STRs and vacant investment properties owned by nonresidents into housing for locals.

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Hawaii Tax income tax Agriculture 116

Accounting Today

MAY 3, 2024

The Securities and Exchange Commission charged the fast-rising auditing firm with deliberate, systemic failures to comply with PCAOB standards for audits and reviews.

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auditor audit 123

Accounting Today

MAY 3, 2024

Internal audit hiring manager are looking for recent college grads who have learned about accounting and auditing, but also technology like data analytics.

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audit accounted Account accountant 122

Cherry Bekaert

MAY 3, 2024

Expanding business operations globally allows companies access to new markets, more efficient manufacturing options, new technologies, a larger workforce and new sources of inventory. At the same time, global expansion increases the level and complexity of taxation. Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities.

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Tax income tax Non-Profits corporation tax 104

Accounting Today

MAY 3, 2024

Sen. Ron Wyden, in a letter, demanded that TurboTax refund customers who, due to a software glitch, were inappropriately encouraged to take non-optimal choices, resulting in higher taxes.

Oregon 119

Oregon Tax 119

CPA Practice

MAY 3, 2024

Wolters Kluwer Tax & Accounting (TAA), a global leader in professional information, software solutions, and services, today announced plans to deliver new AI-enabled capabilities to tax and accounting professionals, as part of its innovation strategy centered on firm intelligence. TAA’s leveraging of advanced, proprietary technologies that incorporate AI and GenAI will equip tax and accounting professionals with the efficiency, information, and insights needed to drive value for their clien

accounting system 102

accounting system Tax Account accounted 102

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Accounting Today

MAY 3, 2024

When a small company holds a life insurance policy, estate planning gets complicated — which is why assigning it to an individual or a family may be the better choice.

Tax 94

Tax 94

AccountingDepartment

MAY 3, 2024

We are thrilled to announce that Episode 18 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Today

MAY 3, 2024

Plus, Estateably touts new accounting tools for estate planning; and other accounting tech news and updates.

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Technology Account accounted accountant 80

Accounting Insight

MAY 3, 2024

Investment platform Lightyear today releases new analysis – alongside a vox pop video – that shows that the majority of Brits will miss out on £2,000 of interest in the next five years by keeping their savings in low-interest accounts. Lightyear’s analysis of savings data published by the Bank of England on 30.04.24 shows that the average interest rate on an easy-access savings account is 2.12%, much lower than the current base rate of 5.25%.

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accountant accounted Account 59

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

Accounting Today

MAY 3, 2024

The Top 25 Firm is expanding its footprint east of the Mississippi River to Ohio.

Mississippi 78

Mississippi Ohio 78

Randal DeHart

MAY 3, 2024

Small construction businesses have several characteristics that distinguish them from larger firms. These characteristics include having a limited workforce, smaller revenue streams, and a more localized focus. They are often run by the owners themselves or a small team of employees. They tend to have a more personal approach to their work, as they are usually more involved in every aspect of the project.

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Construction Finance 52

Accounting Today

MAY 3, 2024

Ryan, a Dallas-based international tax firm and software provider, has filed suit against the Federal Trade Commission over the rule issued last week outlawing non-compete employment agreements.

Tax 78

Tax 78

Going Concern

MAY 3, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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institute of chartered accountants Technology cpas chartered accountant 110

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

Accounting Today

MAY 3, 2024

Plus, REDW names three VPs; FAF is looking for FASAC members; and other firm and personnel news from across the accounting profession.

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Account accountant accounted 75

Ronika Khanna CPA,CA

MAY 3, 2024

The majority of businesses require the use of cars and other types of vehicles to meet with clients, and suppliers, purchase goods, make service calls and of course check in with their accountants. The usage of a car for tax purposes is not necessarily straightforward as many employees and business owners use their vehicles for both business and personal reasons.

Tax 52

Tax accounting and finance tax return Finance 52

Accounting Today

MAY 3, 2024

The new advisory service follows Platform's acquisition of Walpole Financial Advisors.

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Ronika Khanna CPA,CA

MAY 3, 2024

Despite your (and/or your accountants’)best efforts , occasional errors or omissions relating to your personal tax return are unavoidable. It is possible that you forgot to include a tax slip, overstated your expenses or was unaware of a specific tax credit. Luckily there is fairly simple mechanism that allows you to change your tax return, which can either be done online or by filling out a form and mailing it in.

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tax return Tax income tax tax preparation 82

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

Accounting Today

MAY 3, 2024

Accountants are at a unique juncture where the convergence of a massive redistribution of wealth and rapid technological advancements can redefine their roles and impact.

Technology 58

Technology Account accounted accountant 58

CPA Practice

MAY 3, 2024

By Keith Laing, Bloomberg News (TNS) The Biden administration gave carmakers a partial reprieve in finalizing electric vehicle tax credit rules intended to loosen China’s grip on battery materials crucial to the car industry’s future. Starting in 2025, plug-in cars containing critical minerals from businesses controlled by U.S. geopolitical foes, including China, will be ineligible for up to $7,500 tax credits, the Treasury Department said Friday.

Tax 64

Tax Washington Manufacturing Government 64

Accounting Today

MAY 3, 2024

The Biden administration gave carmakers a partial reprieve in finalizing electric-vehicle tax credit rules intended to loosen China's grip on battery materials crucial to the car industry's future.

Tax 72

Tax 72

Going Concern

MAY 3, 2024

“Borgers and his sham audit mill have been shut down.” Fresh off the SEC press release press , the Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023.

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auditor audit financial statements CPA 116

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

CPA Practice

MAY 3, 2024

The IRS said it’s gearing up to increase audit rates by more than 50% on wealthy taxpayers with more than $10 million in total positive income and nearly triple audit rates on corporations with assets over $250 million by 2026, Commissioner Danny Werfel said on Thursday, as the agency released an update to its strategic operating plan. However, the IRS chief once again emphasized to reporters yesterday that audit rates won’t increase for small businesses and taxpayers making under $400,000, sayi

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audit Tax Technology Government 119